Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Prospect Park area can be challenging. Home prices in Prospect Park are now at a median cost of $256,894, lower than the Minneapolis average of $316,867.
The average cost of rent is $1,436/mo in Prospect Park, primarily driven by the current value of real estate in the Prospect Park area. While nearly 82.85% of residents own their homes outright in Prospect Park, 80.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Prospect Park is $3,378 per month. Households that rent pay about 42.50% of their income on rent here. Prospect Park's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Nearby Neighborhoods
- University District, Minneapolis, MN: higher priced homes
- Seward, Minneapolis, MN: less expensive homes
- Saint Anthony, St. Paul, MN: higher priced homes
- Cedar-Riverside, Minneapolis, MN: less expensive homes
- Southeast Como, Minneapolis, MN: equally priced homes
- Marcy Holmes, Minneapolis, MN: higher priced homes
- Cooper, Minneapolis, MN: higher priced homes
- East Phillips, Minneapolis, MN: less expensive homes
- Downtown East, Minneapolis, MN: higher priced homes
- Ventura Village, Minneapolis, MN: less expensive homes
Neighborhoods with Similar Populations
- Airport-Pines Road, Shreveport, LA: less expensive homes
- Phoebus, Hampton, VA: less expensive homes
- Outer Mission, San Francisco, CA: higher priced homes
- Oceanway, Jacksonville, FL: less expensive homes
- Northwest Akron, Akron, OH: less expensive homes
- Northside Ann Arbor, Ann Arbor, MI: higher priced homes
- Mondawin-Walbrook, Baltimore, MD: less expensive homes
- Moanalua, Honolulu, HI: higher priced homes
- McMurray-Huntingdon, Nashville, TN: higher priced homes
- La Homa, Mission, TX: less expensive homes
All Local Stats
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